News
0 Private equity challenges the public markets

Australian private equity and venture capital reached an all-time high last year as more businesses chose to stay private for longer, according to new research.

The Australian Investment Council (AIC) 2019 Yearbook reveals that Australian private capital firms reached $30 billion in assets under management in June 2018, an 18 per cent increase from just six months prior.

The funds split was $23.3 billion in private equity and $7.1 billion in venture capital, with most deals in information technology.

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0 The budget announcement of a $300m commitment to accelerate ambitions for the New Zealand venture capital industry

Venture capital industry ready to accelerate growth ambitions

The budget announcement of a $300m commitment to accelerate ambitions for the New Zealand venture capital industry was welcomed by the New Zealand Private Capital Association and Angel Association New Zealand.

NZ Private Capital Executive Director, Colin McKinnon, said ” “It has long been recognised that there is a gap in the market particularly when it comes to accessing capital in the start-up and early growth end of the market.”

“The proposed Government programme is expected to help private investors establish new funds, that will invest in New Zealand’s most promising fast-growth companies.”

We acknowledge the success of the Angel Association in developing networks that invest in early stage businesses. Now with this new package announced today, we hope to work alongside the Angel’s to build a larger venture capital market for the benefit on NZ entrepreneurs.”

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0 Cloud software firm Vend goes on hiring spree as US business booms

Auckland technology company Vend says it will create 54 new jobs in Auckland by March and another 71 overseas to meet booming demand for its cloud-based point-of-sale software.

Vend was founded in 2010 with the goal of being for the retail sector what cloud software company Xero is for accounting, and its software is currently used in about 25,000 stores around the world.

Chief executive Alex Fala said Vend had identified a “previously untapped channel to market in North America” via payment processors and resellers that was putting it in a strong position in the market.

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0 Seequent and Murray & Co win M&A transaction of the year

Seequent, a world leader in the development of 3D geological modelling and visual data science software, and New Zealand investment bank Murray & Co were named winners of the Chapman Tripp – M&A Transaction of the Year at the 2019 INFINZ Awards.

The INFINZ Awards, facilitated by the Institute of Finance Professionals in New Zealand Inc. (INFINZ), celebrate excellence in the financial and capital markets eco-system in New Zealand. The M&A Transaction award recognised Seequent’s growth equity investment agreement with Accel-KKR, a leading Silicon Valley technology focused private equity firm, and Seequent’s subsequent acquisition of Canadian geoscience software company Geosoft.

Shaun Maloney, Chief Executive of Seequent, says the company’s goal is to better equip their global customers as they work to address some of the world’s biggest earth, environment and energy challenges.

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0 EY monitors record activity

The annual EY Private Equity & Venture Capital Monitor was released this month, and was characterised by a record level of overall activity of $1.7b in the year to 31 December 2018.

This was an increase of $709.3m from 2017’s $989.6m, and significantly above the $870.2m average since the survey began in 2003.

Total investment activity in 2018 was $1.1b, spread across 62 deals. This was up $218m from 2017, driven by a higher average deal value in 2018 ($17.6m) compared to 2017 ($12.9m).

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